When Prime Minister Narendra Modi and former Japanese Prime Minister Shinzo Abe laid the foundation stone for India’s first bullet train project in Ahmedabad in September 2017, the event was presented as more than just the launch of a railway corridor.It was pitched as India’s first major step into the world of high-speed rail —…
The All India Motor & Goods Transport Association (AIMGTA) has urged the Centre to reduce petrol and diesel prices, arguing that a sharp decline in international crude oil prices should be passed on to consumers and the transport sector, reported PTI.In a representation to the government, the association said global crude oil prices have fallen…
The government has exempted all customs duties on cotton imports for five months till October 30, 2026, in a move aimed at improving cotton availability for the domestic textile industry and reducing input costs for manufacturers, PTI reported.According to a finance ministry notification, the duty exemption will come into effect from June 1, 2026.The government…
The Central Consumer Protection Authority has imposed a penalty of Rs 7 lakh on Vajiram and Ravi IAS Study Centre for publishing misleading advertisements, which claimed credit for candidates who cleared the UPSC Civil Services Examination 2023, most of whom had enrolled only in its free interview guidance programme.The regulator found that a majority of…
Emerging regulatory frameworks such as the European Union’s carbon tax regime and India’s proposed Carbon Credit Trading Scheme (CCTS) are transforming environmental, social and governance (ESG) practices from a voluntary reporting exercise into a key compliance and business priority for companies, industry experts said.They cautioned that companies lacking credible carbon data systems and traceable reporting…
The Centre has withdrawn the draft Sugarcane (Control) Order, 2026, saying it will revisit the proposed framework after receiving objections from state governments and other stakeholders, PTI reported.The Food Ministry had circulated the draft order for public comments with a May 20 deadline. The proposal sought to replace the 60-year-old Sugarcane (Control) Order, 1966, with…
NEW DELHI: Gold demand in India has slipped by nearly 70 per cent after the government doubled import duty on the precious metal earlier this month.The higher fuel and food prices linked to the ongoing Iran conflict had further dragged down the consumer sentiment.Industry estimates showed gold demand fell to around 7.5 tonnes in the…
MUMBAI/NEW DELHI/CHENNAI: India’s consumption looks headed for a near-term slowdown with predictions of an El Nino-weakened monsoon likely to bring the lowest rainfall in 11 years.Deficient rains may weigh on rural demand, impacting volume growth and crimping sales of a host of products ranging from soaps, shampoos, packaged food to two-wheelers and durables. For companies…
MUMBAI: Reports that India is expected to see its driest monsoon in a decade spooked investors on Dalal Street on Friday. In late trades, sensex fell sharply to close nearly 1,100 points (1.4%) lower at 74,776 points. HDFC Bank, ICICI Bank and Reliance Industries contributed the most to the day’s fall in the index, exchange…
NEW DELHI: India has emerged as the world’s fifth most digitalised economy, overtaking several advanced nations as rapid adoption of artificial intelligence, digital public infrastructure and online services reshape the global technology landscape, according to a report released on Friday.The State of India’s Digital Economy (SIDE) 2026 report by the ICRIER-Prosus Centre for Internet and…
